eToro Review - The Best Forex Broker?
The foreign exchange industry actually makes the mind boggle. It is absolutely huge and there is over 3 trillion dollars a day traded in it. Many people also make their living as full time traders. It's not easy though and to do so you need a good system, as well as a good Forex broker.
Today were are looking at eToro. They are an online forex broker, who began because they wanted to let ordinary people trade like the pros.
If you are new to trading Forex then you will love the eToro platform, which is set up like an interactive gaming platform. It's very easy and also a lot of fun. There are plenty of videos to take you through every step.
Of course, as traders progress through the different levels of experience then they can change over to the professional platform mode. It carries the same level of usability but everything is as it normally would be.
The spreads at eToro go down to 2 pips which is extremely competitive in the industry. Pips are basically the cost of trading, the difference between the bid and ask price. Many brokers will charge 5 pips as a standard. If you trade frequently this can become very expensive and eat into profits.
Also and perhaps most important, the platform at eToro has a high level of reliability. There is a dreaded aspect of trading which is know as 'slippage'. It is when a trader is trying to sell at a certain level, either manually or with pre-set limits and the brokers cannot get a price at that level, and have to re-quote at a price that is less good. This happens very little with eToro.
The customer service team are available 24 hours a day and they are focused on providing a community feel and have a lively forum for exchanging ideas.
There is also a full comprehensive training program and free practice accounts for those who would like to gain confidence, or develop their trading strategies.
Traders can start their first real money trades with as little as $50. This means that traders only ever have to start trading with what they can afford to lose, which is very important. - 23229
Today were are looking at eToro. They are an online forex broker, who began because they wanted to let ordinary people trade like the pros.
If you are new to trading Forex then you will love the eToro platform, which is set up like an interactive gaming platform. It's very easy and also a lot of fun. There are plenty of videos to take you through every step.
Of course, as traders progress through the different levels of experience then they can change over to the professional platform mode. It carries the same level of usability but everything is as it normally would be.
The spreads at eToro go down to 2 pips which is extremely competitive in the industry. Pips are basically the cost of trading, the difference between the bid and ask price. Many brokers will charge 5 pips as a standard. If you trade frequently this can become very expensive and eat into profits.
Also and perhaps most important, the platform at eToro has a high level of reliability. There is a dreaded aspect of trading which is know as 'slippage'. It is when a trader is trying to sell at a certain level, either manually or with pre-set limits and the brokers cannot get a price at that level, and have to re-quote at a price that is less good. This happens very little with eToro.
The customer service team are available 24 hours a day and they are focused on providing a community feel and have a lively forum for exchanging ideas.
There is also a full comprehensive training program and free practice accounts for those who would like to gain confidence, or develop their trading strategies.
Traders can start their first real money trades with as little as $50. This means that traders only ever have to start trading with what they can afford to lose, which is very important. - 23229
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posted by X - Men @ 7:36 AM
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